Robert Kiyosaki Backs Bitcoin, Warns of U.S Fed's Impact on Economy

Kiyosaki has reiterated his view that BTC is a safer investment than trust placed in the Fed. The author has been advocating Bitcoin, gold and silver adoption for quite some time now.

Timeline of Bitcoin

The chief executive of Sound Planning Group has predicted a major bitcoin price surge, stating that the crypto is priced for “a serious rally.” He identified the upcoming Bitcoin halving and the adoption of spot bitcoin exchange-traded funds (ETFs) as key factors driving his bullish prediction for the cryptocurrency's price.

Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin and silver will take off while gold will crash below $1,200. He urges investors to prepare for the “biggest crash in history” which he forecasted in his book years ago. Emphasizing that the Federal Reserve is “destroying” the U.S.

Barstool Sports kingpin Dave Portnoy is experiencing a serious case of crypto regret, wishing that he hadn't sold his bitcoin. He also wishes that his company, Barstool, had invested $10 million in the crypto. “I'm so mad at myself about bitcoin. I should be up like 75% in bitcoin,” he stressed.

As the Bitcoin price is targeting 2022 highs in the wake of the 2024 halving, the crypto market seems to be as bullish as one can get. One major factor was the SEC's approval of spot Bitcoin ETFs in January.

Cryptocurrency analyst and trader Kevin Svenson is offering his forecast for Bitcoin (BTC) over the coming weeks and months. In a new video, Svenson tells his 72,200 YouTube subscribers that he is maintaining a “bullish bias” on Bitcoin going forward.

Major banking institutions in the United States are lobbying the Securities and Exchange Commission (SEC) to reevaluate its crypto asset definition, aiming to secure a more prominent role in the burgeoning cryptocurrency market. This push comes after the recent approval of spot Bitcoin exchange-traded funds (ETFs), which notably excluded American banks as asset custodians.

According to recent data, Bitcoin has surged past the $52,000 mark, buoyed by sustained buying pressure from institutional traders. The influx of institutional interest has been notably observed on Coinbase, a popular exchange platform among American investors.

Friday has come around again and that means it is Bitcoin options contract expiry day. With the asset topping $50,000 this week, will the billion-dollar-plus notional value expiry push prices higher?

After a brief struggle to regain footing, Bitcoin finally broke through the $52,000 barrier on Feb. 14. While $50,000 was a critical psychological benchmark, trading above $52,000 indicates rising market confidence in Bitcoin and can mean the end of the bear market.

VanEck will reduce fees on its spot Bitcoin ETF later this month, according to a filing with the US Securities and Exchange Commission (SEC) on Feb. 15. The firm said that its VanEck Bitcoin Trust (HODL) will include a unified sponsor fee of 0.20% when trading begins on Feb. 21.